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Opinion
The following is presented as part of The Columbian’s Opinion content, which offers a point of view in order to provoke thought and debate of civic issues. Opinions represent the viewpoint of the author. Unsigned editorials represent the consensus opinion of The Columbian’s editorial board, which operates independently of the news department.
News / Opinion / Letters to the Editor

Letter: Interest rates are manageable

By Gail Fenander, Vancouver
Published: November 1, 2023, 6:00am

So, riddle me this, Batman … how come people are complaining about the mortgage interest rate being around 8 percent? But interest on credit cards that are running between 24 percent to 28 percent, they can’t charge stuff fast enough? Huh? It makes no sense to me. In 1985, we bought a house built in 1975 at 12 percent interest and were able to swing it, have a child and pay our bills and survive. It can be done, on one income, from a mechanical engineering job.   

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